Medicare Competitive Bidding Program

Will Competitive Bidding Decrease Medicare Prices?

Recent measures to reduce Medicare spending include the use of competitive bidding in determining reimbursement prices. Several competitive bidding experiments have been conducted by the Centers for Medicare and Medicaid Services (CMS) to determine reimbursement prices. This paper investigates the use of competitive bidding to set reimbursement prices for durable medical equipment, prosthetics,...

Reevaluation of CMS’ Competitive Bidding Program

Given the ongoing epidemic and rising costs of diabetes in the U.S., it is critical that health care resources be allocated in both efficacious and cost-effective ways. Among Medicare beneficiaries, patients with diabetes consume .32% of total Medicare expenditures (1). In 2011, the Centers for Medicare & Medicaid Services (CMS) implemented competitive bidding for selected product categories in...

Potential consequences of reforming Medicare into a competitive bidding system.

Zirui Song, PhD David M. Cutler, PhD Michael E. Chernew, PhD THE IDEA OF A PREMIUM SUPPORT (OR VOUCHER) SYStem for Medicare has generated substantial debate. Under premium support, Medicare beneficiaries would choose from health plans that compete in a market-based bidding system. In some models, traditional Medicare is abandoned entirely in favor of private health plans. In other models such a...

Developing Medicare Competitive Bidding: A Study of Clinical Laboratories

Competitive bidding to derive Medicare fees promises several advantages over administered fee systems. The authors show how incentives for cost savings, quality, and access can be incorporated into bidding schemes, and they report on a study of the clinical laboratory industry conducted in preparation for a bidding demonstration. The laboratory industry is marked by variable concentration acros...

How competitive is competitive bidding?